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Selling Your House

By Paige Thompson

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Selling your own home can be done, but it takes time and can be very frustrating. Usually listing with an agent is recommended, but in the right market, it may make sense to save the commission and do it yourself. Here are some great tips that you can follow.

Know the house values. No, it’s not about what you think your house is worth. The value is only what it’s worth to potential buyers. See what they’ve paid for similar homes before you decide on a price.

Objectivity. Have your most open and honest friend to look at your house. He will be able to see problems that you never noticed.

Have a plan. What will your children say if people call asking about the house? Where would you close? Will you have an attorney prepare your documents? Making plans ahead of time will benefit you.

Make a list. What should be repaired, cleaned, changed, or removed? You should always take care of the most obvious things first.

Prepare for the selling process. List questions a buyer might have, and be ready with answers. Prepare comparison sheets showing other home sales, so buyers can see the value. Create a map that shows the stores, libraries, and other places in your vicinity.

Sell the benefits, not the features. Never say “near stores.” You should say “you could walk to the store in just 5 minutes”. And don’t just say “garage”. Try “No chipping ice off the windshield in the morning.”

Put all important information in ads. Include the square feet, number of bedrooms and bathrooms, address, telephone number, and price. If the price isn’t included, there are some buyers who wouldn’t call, and there would also be some that would end up wasting your time.

You have to listen to the buyers. Many sellers get defensive when they talk about their home. Listen to the criticisms, and resolve them or ask how important the issue is to the buyer. You should learn how to sell.

You should have a clear sales arrangement. Be sure it’s understood by both sides. What will happen when a certain time comes? What if the buyer doesn’t get financing? What are the things included in the sale? When can the buyer take possession? Who will pay the closing fee and the transfer tax?

Make things easy at the closing. Have documents ready to sign. Prepare answers to likely questions. This may be the largest financial transaction in your buyer’s life, so make him comfortable.

These are just a few tips, though. But they can be a big help.

Let us show you the best Playa Del Carmen real estate and guide you through the process of buying property.

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Article Citation
MLA Style Citation:
Thompson, Paige "Selling Your House." Selling Your House. 22 Jan. 2012. uberarticles.com. 22 Apr 2012 <http://uberarticles.com/finance/investing/selling-your-house/>.

APA Style Citation:
Thompson, P (2012, January 22). Selling Your House. Retrieved April 22, 2012, from http://uberarticles.com/finance/investing/selling-your-house/

Chicago Style Citation:
Thompson, Paige "Selling Your House" uberarticles.com. http://uberarticles.com/finance/investing/selling-your-house/


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